Business News
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12 Sep 2023
Tata PowerTata Power secures $425mn for solar cell project from DFC
The US International Development Finance Corporation (DFC) has approved up to $425 million in financial aid for Tata Power Renewable Energy Ltd. (TPREL) to establish a 4.3 GW solar cell plant in Tamil Nadu.
11 Sep 2023
Stock MarketHigh Net-worth Indians see notable wealth growth in 3 years
A recent Global Wealth Blueprint survey reveals that over 80% of affluent investors in India have seen an increase in their net worth in the past three years.
11 Sep 2023
Initial Public Offering (IPO)JSW Infrastructure's Rs. 2,800 crore IPO aims for September launch
JSW Infrastructure, a leading maritime ports entity and subsidiary of the $23 billion JSW Group, is gearing up to launch its initial public offering (IPO) by September end.
11 Sep 2023
CybersecurityIndian government warns Android users of high-risk vulnerabilities
The Indian government's Computer Emergency Response Team (CERT-In) has issued a warning about "multiple vulnerabilities" in Android phones, affecting millions of users in India.
11 Sep 2023
Morgan StanleyDojo integration could add $500bn to Tesla's value: Morgan Stanley
Tesla's Dojo supercomputer, designed to handle massive amounts of data for training driving systems, has the potential to add up to $500 billion to the company's market value, according to Morgan Stanley.
11 Sep 2023
GermanyGerman economy to contract in 2023, predicts European Commission
The European Commission forecasts a 0.4% contraction in Germany's economy in 2023, citing high inflation due to factors such as the Russia-Ukraine crisis.
11 Sep 2023
Stock MarketSensex gains 528 points, Nifty records new all-time high
On Monday, the benchmark Sensex and Nifty indices showed an upward trend. The Sensex rose 0.79% to 67,127.08 points, while the Nifty gained 0.88% to end at 19,996.35 points. The latter recorded a new high of 20,008.15 points.
11 Sep 2023
Stock MarketNifty makes history, hits 20,000 mark for first time ever
NSE's benchmark index Nifty has achieved a historic milestone by reaching the 20,000 mark.
11 Sep 2023
Delhi High CourtDelhi High Court directs police to investigate AJIO scam
The Delhi High Court has ordered the Delhi Police's Cyber Cell to investigate a widespread scam that involves fraudulent money collection under the guise of online fashion and lifestyle brand AJIO.
11 Sep 2023
IndiaEquity mutual funds hit five-month high, touch Rs. 20,245 crore
In India, equity mutual funds have seen a significant rise in net inflows, touching a five-month high of Rs. 20,245.26 crore in August 2023.
11 Sep 2023
National Company Law TribunalCoffee Day Enterprises shares plummet 15% amid default allegations
Coffee Day Enterprises stocks dropped 15% today (September 11), after IDBI Trusteeship Services registered a default application against the company with the National Company Law Tribunal (NCLT).
11 Sep 2023
Initial Public Offering (IPO)Basilic Fly Studio's IPO grows investor wealth by nearly 180%
Basilic Fly Studio, a visual effects studio operator, had a remarkable debut on the NSE SME platform. Its shares were listed at Rs. 271, a 179% premium over the IPO price of Rs. 97.
11 Sep 2023
GoogleGoogle's landmark antitrust trial in US: What's at stake
Google is defending itself against the US government's accusations of unlawfully building its online search dominance in a trial that could last over 10 weeks and involve more than 100 witnesses.
11 Sep 2023
Alibaba GroupAlibaba shares crash 4% as former CEO quits cloud business
Alibaba Group's shares fell over 4% following the unexpected exit of former CEO Daniel Zhang from the company's cloud computing business.
11 Sep 2023
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Solana, BNB
Bitcoin has lost 0.20% in the last 24 hours, trading at $25,756.49. It is 0.93% down compared to last week.
10 Sep 2023
Initial Public Offering (IPO)Investors eye six IPOs and five listings this week
The Indian stock market is gearing up for a busy week with six Initial Public Offerings (IPOs) and five new listings.
10 Sep 2023
Adani GroupAdani Group increases stake in two of its listed companies
Adani Group has raised its stake in two listed companies: Adani Enterprises and Adani Ports and Special Economic Zone (APSEZ), as part of its claw-back strategy following damaging reports from earlier this year.
10 Sep 2023
XElon Musk's X is suing state of California: Here's why
Elon Musk-led X has filed a lawsuit in federal court in Sacramento, California, challenging the constitutionality of Assembly Bill 587, a state bill needing social media platforms to report their moderation efforts to the attorney general of the state.
10 Sep 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Solana, BNB
Bitcoin has lost 0.19% in the last 24 hours and is currently trading at $25,825.22. It is 0.19% down compared to last week.
09 Sep 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has dropped 1.9% in the past 24 hours and is currently trading at $25,865.67. Compared to last week, it is up by 0.4%.
08 Sep 2023
Cafe Coffee DayCafe Coffee Day faces bankruptcy proceedings under IBC Section 7
Cafe Coffee Day (CCD), a popular coffee chain in India, is facing bankruptcy proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC).
08 Sep 2023
Indian GovernmentCentre rolls out third phase of mandatory jewelry hallmarking
The Indian government has announced the third phase of mandatory hallmarking for gold jewelry and artifacts, extending the system to an additional 55 districts. It will be implemented starting today.
08 Sep 2023
MumbaiFinnair to resume Mumbai-Helsinki direct flight in March 2024
Finnair, Finland's flagship carrier, is set to restart its direct flights between Mumbai and Helsinki in March 2024, after suspending operations due to the Russia-Ukraine war and Russian airspace restrictions.
08 Sep 2023
Stock MarketSensex, Nifty growth boost investor wealth by Rs. 11L crore
Indian benchmark stock indices experienced their most impressive week in two months, as they extended their winning streak for the sixth straight session on Friday.
08 Sep 2023
Oil India LimitedOil India to invest Rs.16,500 crore to meet net-zero goals
Oil India Ltd has announced plans to invest Rs. 16,500 crore in clean energy projects to achieve its net zero carbon emissions goal by 2040.
08 Sep 2023
CryptocurrencyThodex CEO Faruk Özer receives 11,196 years jail sentence
In a landmark ruling, Faruk Fatih Özer, the founder of collapsed Turkish cryptocurrency exchange Thodex, has been sentenced to 11,196 years, 10 months, and 15 days for fraud, money laundering, and other charges.
08 Sep 2023
Reserve Bank Of India (RBI)RBI announces phased discontinuation of incremental cash reserve ratio
The Reserve Bank of India (RBI) has announced plans to phase out the incremental cash reserve ratio (I-CRR) in a bid to maintain financial and price stability.
08 Sep 2023
Stock MarketSensex gains 335 points, Nifty settles at 19,820 mark
On Friday, the benchmark Sensex and Nifty indices showed an upward trend.
08 Sep 2023
Artificial Intelligence and Machine LearningIndian talents shine on TIME magazine's TIME100 AI list
TIME magazine has released its first-ever TIME100 AI list, highlighting the 100 most influential individuals shaping the future of artificial intelligence (AI).
08 Sep 2023
IndiaIndia needs 8-9% growth to become developed by 2047: Deloitte
The CEO of Deloitte South Asia, Romal Shetty, has said that India must achieve a sustained growth rate of 8-9% for the next 20 years.
08 Sep 2023
CryptocurrencyCryptocurrency prices: Here are rates of Bitcoin, Ethereum, Solana, Tether
Bitcoin has climbed by 2.17% over the last 24 hours and is trading at $26,344.15. It is 1.21% higher than the previous week.
08 Sep 2023
Goldman SachsGoldman Sachs set to axe underperformers in late October
Goldman Sachs plans to cut jobs in its investment banking and trading sections for workers who are deemed underperformers, as part of its yearly performance review process.
07 Sep 2023
Unified Payments Interface (UPI)How to withdraw money from UPI ATM: A step-by-step guide
India's financial landscape has been evolving rapidly, and one of the latest innovations in the digital payment space is the introduction of Unified Payments Interface-powered ATMs, called UPI ATMs.
07 Sep 2023
Stock MarketSensex climbs 380 points, Nifty settles near 19,730 mark
On Thursday, the stock market had a bearish opening. However, the benchmark Sensex and Nifty indices witnessed a surge.
07 Sep 2023
IndiaCalifornia almonds, walnuts to get cheaper in India: Here's why
In a move to strengthen trade relations, India has removed extra duties on several US goods, including apples, chickpeas, and lentils.
07 Sep 2023
Mutual FundsZerodha-rival Groww gets SEBI approval for debut index fund
The Securities and Exchange Board of India (SEBI) has granted approval to online stockbroking firm Groww to launch its new index fund.
07 Sep 2023
MediaTekMediaTek develops its first 3nm chip using TSMC's technology
Taiwanese chipmaker MediaTek has unveiled its first chip developed using Taiwan Semiconductor Manufacturing Company's (TSMC) 3nm technology for its flagship Dimensity system-on-chip (SoC).
07 Sep 2023
Stock MarketNazara Technologies secures Rs. 410cr investment from SBI Mutual Fund
Nazara Technologies has gained board approval for a capital infusion of Rs. 410 crore from SBI Mutual Fund through the equity share issuance.
07 Sep 2023
HuaweiHuawei's 5G handset faces US investigation over possible tech theft
The US government is investigating the Huawei Mate 60 Pro, a Chinese smartphone featuring a new 5G Kirin 9000S processor developed specifically for Huawei.
07 Sep 2023
AppleApple shares plummet as China bans iPhones in government offices
China has prohibited central government officials from using or bringing iPhones and other devices from foreign brands, into the office, as per a Wall Street Journal report.
